A quarterly model of the Australian agricultural sector [econometric model]

Several farm sector econometric models are reviewed initially and the aggregation problem highlighted. A thirty‐equation model of the Australian agricultural sector is specified in which farm output, stocks and exports and the domestic demand for farm products are endogenous, as well as farm, export...

Full description

Saved in:
Bibliographic Details
Published in:Australian Journal of Agricultural Economics 1977-12, Vol.21 (3), p.157-168
Main Authors: Throsby, C.D, Rutledge, D.J.S. (Monash Univ., Clayton (Australia))
Format: Article
Language:English
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Several farm sector econometric models are reviewed initially and the aggregation problem highlighted. A thirty‐equation model of the Australian agricultural sector is specified in which farm output, stocks and exports and the domestic demand for farm products are endogenous, as well as farm, export and retail prices. Disaggregation is into food and non‐food components of unprocessed output, and the processing of food is traced through to final demand. The model is estimated by a modified 2SLS procedure using quarterly data covering the period 1960‐1970.
ISSN:0004-9395
1467-8489
DOI:10.1111/j.1467-8489.1977.tb00203.x